Save Article

Oaktree Capital Will Invest
$3 Billion in South Korea

By

By Jin-Young Yook

Updated Oct. 9, 2008 12:01 a.m. ET

SEOUL -- South Korea's National Pension Service and U.S.-based Oaktree Capital Management have signed a preliminary agreement to jointly invest in alternative investments in South Korea, such as mergers and acquisitions and real estate, the National Pension Service said Wednesday.

"Oaktree will invest $3 billion worth in the country, while NPS will invest an equal amount in the local currency," said Kim Moon-soo, senior...